Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Are the amounts of sales on credit including cash receipts in cash basis accoun?
- This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
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- June 9, 2015 at 5:38 pm #255669
If I compare illustration 1-1 with 1-2, they are mostly the same except that some names are changed such as sales (on credit) becomes revenues, net operating cash flow becomes net income, cash disbursements become expenses, but the essential difference is that I see cash receipts are not shown in illustration 1-2 accrual accounting. But they would be the same in total amount, so I’m wondering if the amounts of sales on credit include cash receipts from customers in ILLUSTRATION 1-1 Cash Basis Accounting.
June 9, 2015 at 6:20 pm #255712What is this question doing on this page?
June 9, 2015 at 6:44 pm #255725@MikeLittle Maybe I chose a wrong category. But I don’t know how to move to another category, or delete the post I already wrote.
June 9, 2015 at 7:27 pm #255745You can’t delete it. Which paper / qualification does your post relate to?
Go to the “home” page and then look for the qualification and then look for the exam number
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